Saturday, July 19, 2025

Clothing tech entrepreneur charged with $300 million fraud in US

Authorities said Christine Hunsicker, 48, of Lafayette, New Jersey, promoted CaaStle to investors as a more than $1.4 billion "Clothing-as-a-Service" business that helped companies rent apparel to consumers with an option to buy, despite knowing it was financially distressed and short of cash.

from Tech-Economic Times https://ift.tt/lTYEwfW

No comments:

Post a Comment

Rare earth shortage hits electronic component companies

While applications under the scheme have surged past 110 now, at least 10 firms have sounded out worries at a time when the industry is keen...